Published on 6/20/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.18 million buffered return notes on Regional Banking ETF
By Marisa Wong
Morgantown, W.Va., June 20 – Deutsche Bank AG, London Branch priced $1.18 million of 0% buffered return enhanced notes due July 5, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 13.5%.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Buffered return enhanced notes
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Underlying fund: | SPDR S&P Regional Banking ETF
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Amount: | $1,175,000
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Maturity: | July 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any fund gain, up to a maximum return of 13.5%; par if the fund falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial price: | $55.07
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Final level: | Average of closing levels on five averaging dates ending June 29, 2018
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Pricing date: | June 16
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Settlement date: | June 21
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 25155MBU4
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